PLAYSTUDIOS Shares Soar On Q3 Results Driven By Daily Player Conversion, Spending Per Player
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

  • PLAYSTUDIOS Inc MYPS reported third-quarter FY21 revenue growth of 1.3% year-on-year to $70.6 million, missing the consensus of $72.3 million.
  • This year's results were driven by increases in daily payer conversion and spending per player.
  • Average Daily Payer Conversion rose 16.7% to 2.8% from 2.4% last year.
  • ARPDAU rose 20.4% Y/Y to $0.65.
  • EPS was $0.08. Net income more than doubled to $11.3 million.
  • The company plans to expand its game portfolio through acquisitions. The company's board approved a stock repurchase plan of up to $50 million of Class A common stock over 12 months.
  • PLAYSTUDIOS sees FY21 revenue of $282.5 million - $287.5 million below the consensus of $293.9 million.
  • Price Action: MYPS shares traded higher by 20.9% at $4.99 on the last check Friday.
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise